The South West saw a surge in the number of companies securing funding in the third quarter of the year, despite the difficult economic climate, a new report has found.
Innovative businesses in the region secured £53m in venture capital (VC) investment over the period, according to KPMG’s latest Venture Pulse report. Although deal values were down compared to last quarter (£63m), the number of companies securing funding was up by 52% - from 12 to 23 deals.
Among the companies that landed investment was Exeter-based Sparx Maths, an in-class and homework platform, and Marlborough-based BBC Maestro, an online education platform providing access to expert masterclasses.
